Key Figures

At 31 December of each year and in thousands of euros
  2014 2015 2016
Turnover 1,723,728 1,881,143 2,035,136
Spain 794,539 851,500 915,826
Abroad 929,189 1,029,643 1,119,320
Operation profit 134,838 124,433 166,728
EBITDA 228,846 224,310 244,312
EBITDA normalizado * 278,191 273,466 291,722
Pre-tax profit 115,954 128,760 129,309
Net profit 58,542 65,662 68,465
Share capital and reserves 465,612 417,811 549,686
Backlog 2,416,770 2,502,445 2,338,731
Spain 437,532 406,882 421,359
Abroad 1,979,238 2,095,563 1,917,372
Employees 12,479 12,740 13,405
Dividend per share 0.2502 0.2627 0.2758
Variation 7% 5% 5%
Pay-out (%) 37.2 34.8 35.1

* Excluido el efecto de aplicar CINIFF 12 a las concesiones de Brasil.

Balance sheet trends

At 31 December of each year and in thousands of euros

Assets

2014 2015 2016
Goodwill 32,386 33,372 32,107
Property intangible 65,371 60,461 52,407
Property, plant and equipment 1,208,149 1,199,882 1,267,987
Investment accounted for using the equity method 75,259 124,633 165,615
Non-current financial assets 731,319 578,079 98,427
Deferred tax assets 78,255 80,433 98,427
Total not-current assets 2,190,739 2,076,850 2,400,127
Non-current assets held for sale 4,204 4,058 47,153
Inventories 11,622 15,034 14,947
Trade and other receivables 927,816 968,723 1,031,068
Trade receivables from related companies 43,550 10,726 18,890
Tax receivables 72,257 55,180 66,417
Other receivables 10,995 15,028 13,769
Other current assets 8,920 11,673 10,550
Cash and cash equivalents 266,427 337,256 317,365
Total current assets 1,345,791 1,417,678 1,520,149
TOTAL ASSETS 3,536,530 3,494,528 3,920,276

Equity and liabilities

2014 2015 2016
Share capital 8,700 8,700 8,700
Reserves 402,563 347,799 477,002
Profit for the year attributable to the Parent 58,542 65,662 68,465
Interim dividend for the year (4,193) (4,350) (4,481)
465,612 413,430 549,686
Minority interests 344,124 322,560 430,354
Total equity 809,736 740,371 980,040
Deferred income 21,468 13,682 9,738
Provisions for contigencies and charges 13,378 11,704 18,719
Bank borrowings and other financial liabilities 1,221,614 1,145,425 1,206,928
Other non-current liabilities 19,574 25,218 19,644
Deferred tax liabilities 58,572 64,331 87,384
Total non-current liabilities 1,334,606 1,260,360 1,342,413
Bank borrowings and other financial liabilities 295,810 297,583 271,059
Trade payables to associates and related companies 3,498 2,366 2,437
Trade and other payables 949,949 1,042,386 1,125,018
Other liabilities 142,931 155,844 174,972
Total current liabilities 1,392,188 1,498,178 1,597,823
TOTAL EQUITY AND LIABILITIES 3,536,530 3,494,528 3,920,276